Coupang (NYSE: CPNG) is often called the "Amazon (NASDAQ: AMZN) of South Korea." It's the country's largest e-commerce company and maintains its lead with a "Rocket Delivery" service that delivers packages within a few hours or a single day.
Coupang went public this March at $35 per share and opened at $63.50, but only trades at about $40 a share today. The market's current distaste for growth stocks, Coupang's mixed earnings report in May, and a warehouse fire earlier this month all seemed to drag down the stock. Should investors still expect Coupang to generate Amazon-like gains in the future, or should they simply stick with Amazon instead?
Image source: Getty Images.
Source Fool.com